In a potentially dramatic shift for corporate America and U.S. industrial policy, the Trump administration is actively considering a plan to buy a direct stake in Intel , one of the world’s largest and most strategically important chipmakers and the recent target of fierce criticism from the president himself. These revelations, first reported by Bloomberg , triggered an immediate surge in Intel’s stock—jumping by as much as 8.9% in late Thursday trading as investors responded to the possibility of government intervention and support for the beleaguered firm.

This kind of direct government investment in a tech giant marks a notable departure from the more hands-off approach favored by nearly all previous U.S. administrations. Traditionally, federal support for chipmaking came mainly

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